AMC Entertainment Q4 Earnings Preview: Will Movie Theater Stock Have 'Wicked' Quarterly Results?

Movie theater company AMC Entertainment Holdings Inc AMC could get a boost from "Wicked" when it reports fourth-quarter financial results Tuesday after market close.

Earnings Estimates: Analysts expect AMC Entertainment Holdings to report fourth-quarter revenue of $1.30 billion, up from $1.10 billion in last year's fourth quarter according to data from Benzinga Pro.

The company beat analyst estimates in the third quarter and beat estimates in nine of the past 10 quarters overall.

Analysts expect the company to report a loss of 18 cents per share in the fourth quarter, an improvement from a loss of 54 cents per share in last year's fourth quarter.

The company beat analyst estimates for earnings per share in the third quarter and has in eight of the past 10 quarters overall.

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Key Items to Watch: AMC's fourth quarter will include the results from "Wicked," which grossed $432.9 million domestically in the quarter and went on to gross $472.8 million during its theatrical run. The movie also grossed over $250 million in international markets.

Fourth-quarter domestic box office was up 26.5% year-over-year to $2.35 billion according to data from BoxOfficeMojo.

The quarter was led by "Wicked.” It also included "Moana 2," which grossed $404.0 million domestically in the quarter. The fourth quarter had seven movies that made $100 million or more domestically.

AMC previously reported it broke records for its pre-Thanksgiving weekend and for several metrics, including attendance, admission revenue, food and beverage revenue and total revenue in the Thanksgiving (Wednesday through Sunday) weekend.

Those records will likely shine through in the company's quarterly results and come after the company reported a year-over-year decline in attendance in the third quarter. The third quarter witnessed a company record for food and beverage revenue per patron, which could be closely watched to see if the record is broken once again.

While much of the earnings report and commentary will be on the fourth quarter, the company will also provide a look ahead to the first quarter and 2025. AMC CEO Adam Aron has been extremely bullish on 2025 and 2026 in comments over the years as the movie theater segment continues to recover.

“We believe of much greater importance is our bullishness about the impressive movie slate that is coming to our theaters in November and December of 2024, and continuing in 2025 and again in 2026,” Aron said after third-quarter results.

JPMorgan and Goldman Sachs estimated 2025 North American box office will be $9.5 billion and $9.4 billion, respectively, up double digits from 2024.

The first quarter included "Captain America: Brave New World," which has grossed $141.2 million domestically. The film is one of three Marvel movies coming in 2025.

Commentary on the first quarter and 2025 could ultimately determine which way AMC shares move in the after-hours market Tuesday.

AMC Price Action: AMC stock is down 2.48% to $3.35 on Monday versus a 52-week trading range of $2.38 to $11.88. AMC stock is down 16.5% year-to-date in 2025 and down 25% over the last year.

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